Unlike a Short Sale, Bankruptcy Does Not Depend on Lender Approval
If you are behind on your mortgage payments, you are not alone. Many other people in the San Antonio area are too, as well as millions more nationally. Keep in mind, as you consider your choices, that filing for bankruptcy provides an automatic stay on home foreclosure proceedings. Of course, there are also other potential […]
San Antonio Foreclosure Data and the National Economy
The real estate meltdown has affected different parts of the country in very different ways. In over-built areas like Phoenix or Miami, the drop in values, and the high rate of foreclosure, remains acute. Yet there are other regions of the U.S. where prices and home ownership have remained more stable. Even in more stable […]
Is Bankruptcy Better than a Short Sale?
Due to the sharp decline in Real Estate and the current unstable economy, many people are turning to short sales to solve their financial problems. For many people who have lost their job, or have found a job opportunity elsewhere, selling their house becomes a major priority. It may be that they only have enough […]
How Filing for Bankruptcy Can Lighten Foreclosure Woes
A spike in default notices from July to August signals a housing market in crisis as a greater number of foreclosures loom on the horizon. According to a recent study conducted by RealtyTrac Inc., a foreclosure listing firm, banks have initiated a new wave of foreclosures and mortgage defaults in order to wipe clean their […]
Filing For Bankruptcy To Save Your Home
If you are currently in the foreclosure process regarding your home, you may have thought about filing for bankruptcy. Most individuals know that if your home is in foreclosure, bankruptcy is a good option to rid yourself or re-organize your debts completely. But did you know that through filing personal bankruptcy, it may even be […]